$246,000
$259,900
5.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
895 SqFt
SOLD DATE : 10/01/2025
Key Details
Sold Price $246,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 895 sqft
Price per Sqft $274
Subdivision Downtown Red Deer
MLS® Listing ID A2254728
Sold Date 10/01/25
Style 2 Storey
Bedrooms 4
Full Baths 2
Year Built 1939
Annual Tax Amount $5,480
Tax Year 2024
Lot Size 6,375 Sqft
Acres 0.15
Lot Dimensions 50.00X125.00
Property Sub-Type Detached
Source Central Alberta
Property Description
This is an affordable downtown Red Deer property with an illegal suite, exceptional future potential. Situated on a 50 x 125 ft lot, the main floor features soaring ceilings and a stylish loft that overlooks the bright, open living space. Below, a separate walk-out basement unit has its own ground-level entrance to the back yard. Each level provides two bedrooms or offices, a full kitchen, and a bathroom, with a shared laundry area between them. The entire historic home has been extensively upgraded over the years, including newer windows, furnace, electrical, a new hot-water tank, eavestroughs, and brand-new shingles installed in August 2025. Off-street parking is plentiful at the rear.
Zoned C1, the lot is ideally positioned for redevelopment and the City has previously approved a 10,000-square-foot mixed-use project on the site. With many government incentives available for downtown redevelopment and no nearby residential neighbourhood to trigger complaints, this property represents an excellent opportunity to enter the market and plan a future multi-level apartment or commercial building.
Location
Province AB
County Red Deer
Zoning C1
Direction N
Rooms
Basement Full, Partially Finished, Separate/Exterior Entry
Interior
Interior Features Vaulted Ceiling(s)
Heating Forced Air, Natural Gas
Cooling None
Flooring Carpet, Laminate, Slate, Tile
Appliance Dishwasher, Electric Stove, Refrigerator, Stove(s), Washer/Dryer Stacked
Laundry Common Area
Exterior
Parking Features Gravel Driveway, Off Street, Owned
Garage Description Gravel Driveway, Off Street, Owned
Fence None
Community Features Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Amenities Available Laundry
Roof Type Asphalt,Asphalt Shingle
Porch Deck
Lot Frontage 50.0
Exposure S
Total Parking Spaces 4
Building
Lot Description Standard Shaped Lot, Views
Foundation Combination, Poured Concrete
Sewer Sewer
Architectural Style 2 Storey
Level or Stories Two
Structure Type Wood Frame
Others
Restrictions None Known
Tax ID 102751819
Ownership Private
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